Opinion: November 13, 2021. Gold is Expected to Increase its Price in the Next Months

The price of gold has increased since November 3, from US$ 1780 to US$ 1860. It is predicted that this price will continue to increase.

One of the reasons that experts mention is the fact that people buy gold in times of economic uncertainty. The news about the inflation rate increasing, together with the issues with supply chains are probably making people buy more gold

Another reason is the high demand for jewelry that it is being experienced. Jewelry is responsible for 50% of the total demand for gold. See this article for further information

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.